(PRWEB) January 22, 2015 -- The North America pharmaceutical packaging market report defines and segments the concerned market in North America with analysis and forecast of revenue.
Browse through the TOC of North America pharmaceutical packaging market for an analysis of industry trends, segments & forecasts.
Pharmaceutical packaging is used to maintain overall safety of pharmaceutical preparations, keeping them free from contamination, hindering microbial growth, and ensuring product safety through the intended shelf life for the pharmaceuticals. Packaging of pharmaceutical products differs significantly from food packaging. It is a broad, multi-faceted, and challenging task as it requires the application of a large amount of scientific and engineering expertise. Pharmaceutical packaging is of three types: primary, secondary, and tertiary. These are further classified by packaging type, by material type, and by drug delivery type.
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Currently, rigid plastic for pharmaceutical packaging is gaining popularity in North America. This trend is expected to continue with plastics being the major driver in the materials for pharmaceutical packaging, preferred against PET (polyethylene terephthalate) and PE (polyethylene). Rapidly evolving pharmaceutical therapies, pharmaceutical drug innovations that require specialized packaging, and the growing demand for smart packaging from pharmaceutical industries are driving the growth of the pharmaceutical packaging market in North America.
Moreover, the recovery of the global economy and successful developments in the field of manufacturing of pharmaceuticals—especially in advanced drug delivery systems—is aiding the growth of North American pharmaceutical packaging market. Top market players in the region are investing in technical innovations in various applications of the pharmaceutical packaging industry.
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The report covers the North American pharmaceutical packaging market which is segmented on the basis of type, application, and geography. Major applications include drug delivery devices and pharmaceutical packaging products sans drug delivery devices. This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market.
Europe Pharmaceutical Packaging Market
Pharmaceutical packaging plays an important role in the pharmaceutical industry for the protection of the drugs and medicine against all adverse external influences. These influences can alter the properties of the drug or medicine and cause physical damage, mechanical damage, biological contamination and degradation, and counterfeiting.
The European pharmaceutical packaging market was valued at $17,959.0 million in 2012, and is expected to reach to $25,439.2 million in 2018, at a CAGR of 4.1% from 2013. Growing requirements for brand enhancement/differentiation in an increasingly competitive environment, new packaging material development plus the increasing awareness of environmental issues, and the adoption of new regulatory requirements on packaging recycling are some of the drivers for the European pharmaceutical packaging market.
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SOURCE MicroMarket Monitor